Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0030%/8h= −3.2% APRpaid last 24h +0.068%

Price spread now: Paradex against Extended+0.061%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Extended Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · Paradex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.061% dearer against Extended than usual: you sell high and buy low (spread +0.061% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XBR-USD	95.940	0.0032	pay 0.0004% / 1h	59m 39s	$669K	$5.2M	10x
Short	Paradex BZ-USD-PERP	95.999	0.0002	get 0.0002% / 8h	1h 59m	$3K	$521	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee ParadexbpOrdersPrice spread, now +0.061%Rate

Funding earned: −$6.21
Price spread: +0.061% → 0.000%: $6.14
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$9.07
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 4 min ago; Paradex: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended live order book, 4 min ago	0.47 bp	4.4 bp −$4	19.3 bp −$193	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BZ on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX BRENTOIL/USD [ETH-USDC]	L −0.0787% / S +0.0479%	1h	96.015	+0.078%	$114K	—	29x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.923	−0.018%	$8K	$7K	30x	as long as short
Hotstuff BRENTOIL-PERP	−0.0112%	1h	96.020	+0.084%	$33K	—	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0112%	1h	96.050	+0.115%	$232K	$859K	15x	as long as short
RISEx BZ/USDC	−0.0075%	1h	95.960	+0.021%	$2.2M	$1.3M	20x	as long as short
BloFin BZ-USDT	−0.0028%	4h	95.980	+0.042%	$1.5M	$96K	50x	as long as short
Aster BZUSDT	0.0000%	4h	95.989	+0.051%	$335K	$1.5M	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.995	+0.058%	$145.7M	$490.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	95.990	+0.052%	$10.2M	$16.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.940	0.000%	$15.8M	$29.3M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	95.930	−0.010%	$9.2M	$17.8M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	95.990	+0.052%	$27.5M	$23.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.992	+0.054%	$9.2M	$10.5M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	95.930	−0.010%	$34K	$396K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.030	+0.094%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.040	+0.104%	$102K	$279K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.960	+0.021%	$318K	$233K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.000	+0.063%	$1.2M	$100K	100x	as long as short
Paradex BZ-USD-PERPshort	+0.0002%	8h	95.999	+0.061%	$3K	$521	5x
edgeX BZUSDC	+0.0014%	4h	95.992	+0.055%	$220K	$234K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	95.940	0.000%	$3.3M	$4.2M	20x	as long as short
Extended XBR-USDlong	+0.0032%	1h	95.940	long leg	$669K	$5.2M	10x
Vest BZ-PERP	+0.0046%	1h	100.05	+4.284%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.005	+0.068%	$147.9M	$148.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.065	+0.130%	$1.5M	$538K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	95.990	+0.052%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.890	−0.052%	$3.8M	$1.0M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.020	+0.084%	$25K	$270K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0158%	1h	96.033	+0.097%	$81K	$258K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0190%	1h	95.980	+0.042%	$6K	$45K	5x	as long as short